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2. Technological change, government policies, and exhaustible resources in agriculture
- Collection:
- Agricultural Communications Documentation Center (ACDC)
- Contributers:
- Zilberman, David (author / Associate Professor of Agriculture and Resource Economics, University of California, Berkeley, CA)
- Format:
- Conference paper
- Publication Date:
- 1984-12
- Published:
- USA: Ames, IA : American Agricultural Economics Association.
- Location:
- Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 87 Document Number: C05832
- Journal Title:
- American Journal of Agricultural Economics
- Journal Title Details:
- 66 (5) : 634-642.
- Notes:
- AGE 85925345; Paper presented at the "Annual Meeting at the American Agricultural Economics Association," 1984 August 5 - 8; Ithaca, NY, This paper analyzes the use of an exhaustible resource by an agricultural industry, taking into account agricultural policy considerations and some of the unique conventional wisdom features of the agricultural sector. The model is especially appropriate for analyzing the utilization of water resources. The model assumes the agricultural industry to be competitive, to have a wide distribution of farm sizes, to go through a process of adoption of a continuously improving technology, and to face inelastic demand. The new technology considered is a land quality-improving technology which is similar in its properties to modern irrigation technologies (drip, sprinkler, and center pivot irrigation). In particular, it considers a price-support policy and its impacts.